Fundamentals of

Accounting, Business and

Management 2
Quarter 1 – Module 6:
Basic Bank Documents and
Transactions
Fundamentals of Accounting, Business and Management 2 – Grade 12
Alternative Delivery Mode
Quarter 1 – Module 6: Basic Bank Documents and Transactions
First Edition, 2020

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Published by the Department of Education

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Undersecretary: Diosdado M. San Antonio

Development Team of the Module

Writer : Andrea Marie D. Aldueza

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 Fundamentals of
Accounting, Business
and Management 2
Quarter 1 – Module 6:
Basic Bank Documents
and Transactions
Introductory Message
For the facilitator:

Welcome to the Fundamentals of Accounting, Business and Management 2 –

Grade 12 Alternative Delivery Mode (ADM) Module on the Basic Bank Documents

and Transactions!

This module was collaboratively designed, developed, and reviewed by

educators both from public and private institutions to assist the teacher or facilitator

in helping the learners meet the standards set by the K to 12 Curriculum while

overcoming their personal, social, and economic constraints in schooling.

This learning resource hopes to engage the learners into guided and

independent learning activities at their own pace and time. Furthermore, this also

aims to help learners acquire the needed 21st century skills while taking into

consideration their needs and circumstances.

In addition to the material in the main text, you will also see this box in the

body of the module:

Notes to the Teacher

This contains helpful tips or strategies that
will help you in guiding the learners.

As a facilitator you are expected to orient the learners on how to use this

module. You also need to keep track of the learners' progress while allowing them to

manage their own learning. Furthermore, you are expected to encourage and assist

the learners as they do the tasks included in the module.

1
For the learner:

Welcome to the Fundamentals of Accounting, Business and Management 2 –

Grade 12 Alternative Delivery Mode (ADM) Module on the Basic Bank Documents
and Transactions!

The hand is one of the most symbolized part of the human body. It is often
used to depict skill, action and purpose. Through our hands we may learn, create
and accomplish. Hence, the hand in this learning resource signifies that you as a
learner is capable and empowered to successfully achieve the relevant competencies
and skills at your own pace and time. Your academic success lies in your own hands!

This module was designed to provide you with fun and meaningful
opportunities for guided and independent learning at your own pace and time. You
will be enabled to process the contents of the learning resource while being an active
learner.

This module has the following parts and corresponding icons:

What I Need to Know This will give you an idea of the skills or
competencies you are expected to learn in the
module.

What I Know This part includes an activity that aims to

check what you already know about the
lesson to take. If you get all the answers
correct (100%), you may decide to skip this
module.

What’s In This is a brief drill or review to help you link

the current lesson with the previous one.

What’s New In this portion, the new lesson will be

introduced to you in various ways such as a
story, a song, a poem, a problem opener, an
activity or a situation.

What is It This section provides a brief discussion of the

lesson. This aims to help you discover and
understand new concepts and skills.

What’s More This comprises activities for independent

practice to solidify your understanding and
skills of the topic. You may check the
answers to the exercises using the Answer
Key at the end of the module.

What I Have Learned This includes questions or blank

sentence/paragraph to be filled in to process
what you learned from the lesson.

2
 What I Can Do This section provides an activity which will
help you transfer your new knowledge or skill
into real life situations or concerns.

Assessment This is a task which aims to evaluate your

level of mastery in achieving the learning
competency.

Additional Activities In this portion, another activity will be given

to you to enrich your knowledge or skill of the
lesson learned. This also tends retention of
learned concepts.

Answer Key This contains answers to all activities in the

module.

At the end of this module you will also find:

References This is a list of all sources used in developing

this module.

The following are some reminders in using this module:

1. Use the module with care. Do not put unnecessary mark/s on any part of the
module. Use a separate sheet of paper in answering the exercises.
2. Don’t forget to answer What I Know before moving on to the other activities
included in the module.
3. Read the instruction carefully before doing each task.
4. Observe honesty and integrity in doing the tasks and checking your answers.
5. Finish the task at hand before proceeding to the next.
6. Return this module to your teacher/facilitator once you are through with it.

If you encounter any difficulty in answering the tasks in this module, do not
hesitate to consult your teacher or facilitator. Always bear in mind that you are
not alone.

We hope that through this material, you will experience meaningful learning and
gain deep understanding of the relevant competencies. You can do it!

3
 What I Need to Know

BASIC BANK DOCUMENTS AND TRANSACTIONS

At the end of the lessons, you should be able to:

1. Identify the types of bank accounts normally maintained by a business.

(ABM_FABM12-IIc-5)

2. Prepare bank deposit and withdrawal slips.

(ABM_FABM12-IIc-7)

3. Identify and prepare checks.

(ABM_FABM12-IIc-8)

4. Identify and understand the contents of a bank statement.

(ABM_FABM12-IIc-9)

What I Know

Complete the puzzle below.

4
 Across
5. an instrument issued by a person for payment of goods and
services
7. also called current account
8. certificate of deposit

Down
1. an account set up by the client to save money
2. a summary document of client's bank transactions
3. bank document used by the client when getting money from
their account
4. bank document used by the client when putting money in their
account
6. a client's record set up by the bank
(The Teacher's Corner 2020)

Lesson

1 The Bank Statement

Do you own a bank account? Do you use it for your savings or payment?
Whatever be the purpose, banking makes savings and payments safer and
convenient.

A bank account is a record of a client in a bank. Some documents need to be filled

up before you can set up a bank account. The Know-your-customer form (KYC) is
the basic form that the Bangko Sentral ng Pilipinas mandates for banks in the
Philippines. These documents get your personal information, identification cards,
work/business documents, signature cards, and finally the initial money required to
open an account.

Types of Bank Accounts

Savings account is an account established for safekeeping your money. Withdrawals

are allowed anytime, that is why the interest gained in the savings account is modest.
The savings account is evidenced by a passbook.

Checking account is also called the current account. This account eases payment
transactions by issuing a check to the payee. A checking account is evidenced by a
checkbook. The interest gained in this account is smaller than the savings account.

Time deposit is also called a certificate of deposit. Unlike in a savings account,

interest gains in time deposit is higher and fixed at a certain percent. The money

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placed in a time deposit normally has a holding period where the depositor cannot
withdraw the money until maturity. There will be a penalty if withdrawn earlier than
the maturity.

Bank Documents

Deposit slip is a bank document used when a client deposits money to his/her
account. The client will be asked to write his/her account number and name, the
date, and the denomination of money/amount of check to be deposited.

Below is an example of a deposit slip.

XYZ Bank Deposit Slip

Time Deposit

Current

Savings Peso Dollars Others:

Account Number: Denomination:

x 1000 =
Account Name: x 500 =
x 200 =
x 100 =
Amount to be deposited: x 50 =
x 20 =
coins =

Machine Validation

Try to fill out the deposit slip with these details:

✓ Account number: 3427-1235-9754

✓ Account name: Your name
✓ Amount to be deposited in the savings account: P37,000
✓ Denominations of the deposit: 35 pcs of 1000 and 4 pcs of 500-peso bills
✓ Affix your signature at the machine validation.

Withdrawal slip is a bank document used when a client withdraws amount from
his/her account. The client will be asked to write the name, account number and the
amount to be withdrawn.

Below is an example of withdrawal slip.

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 XYZ Bank W ithdrawal Slip

Current

Savings Peso Dollars Others:

Account Number: Request for Denomination:

x 1000 =
Account Name: x 500 =
x 200 =
x 100 =
Amount to be withdrawn: x 50 =
x 20 =
coins =

Machine Validation

Try to fill out the withdrawal slip with these details:

✓ Account number: 3245-6421-9860
✓ Account name: Your name
✓ Amount to be withdrawn in the current account: P97,200
✓ Assume the denominations of the withdrawal
✓ Affix your signature at the machine validation three times.

A check is an instrument issued by a person for his/her payment in the purchase

of goods or services. When a check is issued by the account owner (payor) to a person
(payee), the bank will verify if the bank account has sufficient balance and that the
signature in the check is authentic. Once verified, the bank will withdraw the amount
in the account of the payor and give or transfer it to the payee.

Stale Check. This check is past 6 months or 180 days from the date of issuance. The
bank does not encash this kind of check. Post-dated Check. This check is issued at
a future date. The bank will only encash if the date written in the check becomes
current.

2 3
1 ACCOUNT NUMBER ACCOUNT NAME CHECK NO.
001-2345-6789-1011 JUAN DELA CRUZ 000100

PAY TO THE 5
ORDER OF 4 Andrea Marie Aldueza ₱ 300,000
PESOS Three hundred thousand pesos only
6
ISLAND OF THE
PHILIPPINES BANK
LIMAY BRANCH Juan Dela Cruz 7
232 ELITE BUILDING, DUALE, LIMAY, BATAAN Signature

123456789'123456789"111111111"

7
Parts of a Check

1. Account number. It is the bank’s identification number for the owner of the
account. It is where the amount written on the check be debited.
2. Account name. Another bank identification which corresponds to the account
number. It bears the name of the owner of the account.
3. Check number. Checks are released in booklets and each page of the booklet
corresponds to a series of check numbers in chronological order. It will help
the owner track his/her check releases.
4. Payee name. It is where the name of a person or institution whom the bank
will release the amount indicated in the check.
5. Amount. It is the portion where the amount in figure is stated.
6. Amount in words. It is the portion where the amount in figure is written in
words.
7. Signature of the account holder. By attaching the signature of the account
holder in the check, indicates that the encashment is consented, thus
authorizing the bank for its release.

Do you want to try filling out a check? Below are the details of the account.
Account number: 1234-5678-9101
Account name: Your name
Amount: P 34,812
Payee name: Daniella Fabienne

Write the details accurately and with no erasures.

ACCOUNT NUMBER ACCOUNT NAME CHECK NO.

000100

PAY TO THE
ORDER OF ₱
PESOS

ISLAND OF THE
PHILIPPINES BANK
LIMAY BRANCH
232 ELITE BUILDING, DUALE, LIMAY, BATAAN Signature

123456789'123456789"111111111"

Bank Statement

A bank statement is a monthly report of a checking account. It shows the previous

month’s balance, the chronological order of the transactions, and the ending balance
for the month. It will show transactions of deposits, withdrawals, checks paid,
interest earned that occur during the month.

It is released by the bank for the client to review his/her account balance by doing
bank reconciliation.

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Let us understand the details of a bank statement.

XYZ Bank
Limay, Bataan

ABM Consultancy Services Account No. 00345

Duale, Limay, Bataan July 31, 2020

Date Debits Credits Balance

30-Jun ₱ 25,000
1-Jul ₱ 13,000 38,000
4-Jul 9,000 47,000
9-Jul 150,000 CM 197,000
13-Jul ₱ 2,500 DM 194,500
15-Jul Chk No. 00100 12,000 182,500
18-Jul 30,000 212,500
20-Jul Chk No. 00101 6,000 206,500
21-Jul Chk No. 00102 20,000 186,500
23-Jul 21,000 NSF 165,500
26-Jul Chk No. 00103 9,900 155,600
30-Jul Chk No. 33100 6,000 149,600

1. The beginning balance for July is P25,000 (ending balance of June).

2. Debit entries are the amount of cash deducted in the account. It shows the
check number a payee had encashed and charged against the account.
3. Credit entries are the amount of cash added to the account. It is usually the
amount that the owner added to fund the checking account.
4. Credit memo (CM) is an additional fund (inflow) to the account such as
proceeds of a loan or interest. (Ex. ABM Consultancy Services applies for a
loan and got approved. The amount loaned was entered in the checking
account.)
5. Debit memo (DM) are the amounts deducted in the account due to the bank’s
service charge.
6. No Sufficient Fund (NSF) are the amounts previously added by a payee to the
account but pulled out by the bank because of insufficient funds.
7. A bank error is a check accidentally deducted by the bank from the account
(Ex. Check No. 33100 is unlikely to be the serial number of your checkbook.
Notice that the current check serial number begins with 001).
8. The last column is called the running balance column. It shows the effect of
the debit and credit entries in the bank statement.

9
 What’s In

Word Find: Find the words listed and encircle your answer.

savings account bank statement

checking account bank error
time deposit check
debit memo withdrawal slip
credit memo deposit slip

C H E C K E R T C G H J D T G B
R R O R R E K N A B D H N I F A
E R D T Y G L U J A S U D M G N
D A S D F G H O J K O L Z E X K
I W Q W D R R C T C T V Q D C S
T I A S S K K C C E H C W E V T
M T S X J S D A Q D D X E P B A
E H A A K B S G W F E G R O N T
M D V E L G C N E G P G T S M E
O R I B N G B I R H O R Y I Q M
L A N I F V H K T E S D U T W E
C W V K C V B C Y D I S I G E N
R A W E R R D E B I T M E M O T
S L A S D F G H C V S B G F D N
Q S W E R T Y C D F L H B X T E
R L L I P S D F G B I C G R T S
G I H J D R T G D G P C V B N M
W P F G H E W I T H D R I N G S

Notes to the Teacher

In today’s technology, banking has been made easy. Some
banks don’t require manual slips to withdraw or deposit.
Online banking, for example, is a lot convenient for clients
than manually updating their accounts

10
 What’s New

Fill out the details in the bank slips below.

Deposit details:

1. You are depositing in a savings account.

2. The account number 8082-23456 is on your name.
3. The amount to be deposited is P200,000. Bills to be deposited are 100pcs
P1000, 130pcs P500, 50pcs P200, 100pcs P100, 200pcs P50, and 250pcs of
P20 bills.
4. Affix your signature in the machine validation.

XYZ Bank Deposit Slip

Time Deposit

Current

Savings Peso Dollars Others:

Account Number: Denomination:

x 1000 =
Account Name: x 500 =
x 200 =
x 100 =
Amount to be deposited: x 50 =
x 20 =
coins =

Machine Validation

What is It

How’s your experience filling up a deposit slip?

Let’s check your work. Your deposit slip should look like this.

11
 XYZ Bank Deposit Slip

Time Deposit

Current

/ Savings / Peso Dollars Others:

Account Number: Denomination:

8082-23456 100 x 1000 = P100,000
Account Name: 130 x 500 = 65,000
(Put your Name Here) 50 x 200 = 10,000
100 x 100 = 10,000
Amount to be deposited: P 200,000 200 x 50 = 10,000
250 x 20 = 5,000
0 coins = 0

Machine Validation

(Put your signature here)

Important note: In some cases, erasures/superimpositions in deposit and

withdrawal slips are restricted especially in writing account numbers and amounts.
In minimal erasures, the teller will ask you to sign or put your initials on top of the
text/figure you erased.

Try to fill out the form again. This time, you assume all the details as if, it is your
account you’re depositing with.

What’s More

Let us try to figure out more with a withdrawal slip and check. Fill out the form
below.

Activity 1: Details of the withdrawal:

1. Your account is a checking account.

2. The account number 2345-1233-5677 is on your name.
3. Withdraw P23,498. You are requesting for denominations of 500, 200, 100,
50, and 20-peso bills and coins. You assume the pieces for each
denomination.
4. Affix your signature in the machine validation three times.

12
 XYZ Bank W ithdrawal Slip

Current

Savings Peso Dollars Others:

Account Number: Request for Denomination:

x 1000 =
Account Name: x 500 =
x 200 =
x 100 =
Amount to be withdrawn: x 50 =
x 20 =
coins =

Machine Validation

Activity 2: Details on check issuance:

1. The account number 2345-1233-5677 is on your name.

2. You will issue the check to Daniella Fabienne. The amount is P23,498.
3. Affix your signature.

ACCOUNT NUMBER ACCOUNT NAME CHECK NO.

000100

PAY TO THE
ORDER OF ₱
PESOS

ISLAND OF THE
PHILIPPINES BANK
LIMAY BRANCH
232 ELITE BUILDING, DUALE, LIMAY, BATAAN Signature

123456789'123456789"111111111"

What I Have Learned

Learning is a give-and-take relationship. It’s your turn to discuss something about

the lesson. Give your simple explanations on the questions below.

1. What is a savings account?

___________________________________________________________________________

13
 2. What is a checking account?
___________________________________________________________________________

3. What is a bank statement?

___________________________________________________________________________

4. What is a credit and debit memo?

___________________________________________________________________________

5. Does time deposit a good investment?

___________________________________________________________________________

6. How do you withdraw money using a bank withdrawal slip?

___________________________________________________________________________

7. What is the purpose of deposit slip?

___________________________________________________________________________

What I Can Do

Activity 1: Identify the details of a bank statement. Label the encircled items in the
figure.

XYZ Bank
Limay, Bataan

ABM Consultancy Services Account No. 00345

Duale, Limay, Bataan July 31, 2020

Date Debits Credits Balance

30-Jun ₱ 25,000 1
1-Jul ₱ 13,000 38,000
4-Jul 9,000 47,000
9-Jul 150,000 CM 197,000
13-Jul 2,500 DM
2 194,500
₱
3
15-Jul Chk No. 00100 12,000 182,500
18-Jul 30,000 212,500
20-Jul Chk No. 00101 6,000 206,500
21-Jul Chk No. 00102 20,000 186,500
23-Jul 21,000 NSF
4 165,500
26-Jul Chk No. 00103 9,900 155,600
30-Jul Chk No. 33100 6,000 149,600

14
Answers:

1. _____________________
2. _____________________
3. _____________________
4. _____________________

Activity 2:

Change the beginning balance to P43,000. With the same details of debit and credit,
how much would be the ending balance by the end of July?

Answer: _________________

Assessment

A. Answer the following questions.

1. What are the bank accounts normally maintained by a business?

a. ___________________
b. ___________________
c. ___________________

2. What requirements are needed to create a savings account?

a. ___________________
b. ___________________
c. ___________________

3. Identify the basic bank documents/instruments used in the bank.

a. ___________________
b. ___________________
c. ___________________

15
 A. Complete the running balance and find the ending cash balance on the
checking account of ABM General Merchandise.

ABC Bank
Limay, Bataan

ABM General Merchandise Account No. 00678

Duale, Limay, Bataan July 31, 2020

Date Debits Credits Balance

30-Jun ₱ 342,000
1-Jul ₱ 13,000 355,000
4-Jul 9,000 364,000
9-Jul 150,000 CM 514,000
13-Jul ₱ 2,500 DM 511,500
15-Jul Chk No. 00100 12,000 499,500
18-Jul 30,000 529,500
20-Jul Chk No. 00101 6,000 523,500
21-Jul Chk No. 00102 20,000 503,500
23-Jul 21,000 NSF 482,500
26-Jul Chk No. 00103 9,900 472,600
30-Jul Chk No. 33100 6,000 466,600

How much is the ending balance of ABM General Merchandise? _________________

B. Fill out the slips and checks below.

Deposit details:

1. You are depositing in a checking account.

2. The account number 456-2344-9873 is on your name.
3. The amount to be deposited is P50,000. Bills to be deposited are 25pcs 1000,
30pcs 500, and 50pcs 200-peso bills.
4. Affix your signature in the machine validation.

16
 XYZ Bank Deposit Slip

Time Deposit

Current

Savings Peso Dollars Others:

Account Number: Denomination:

x 1000 =
Account Name: x 500 =
x 200 =
x 100 =
Amount to be deposited: x 50 =
x 20 =
coins =

Machine Validation

Details of the withdrawal:

1. Your account is a savings account.

2. The account number 9045-1343-5387 is on your name.
3. Withdraw P567,000. You are requesting for denominations of 1000, 500, 200,
100, 50, and 20-peso bills. You assume the pieces for each denomination.
4. Affix your signature in the machine validation three times.

XYZ Bank W ithdrawal Slip

Current

Savings Peso Dollars Others:

Account Number: Request for Denomination:

x 1000 =
Account Name: x 500 =
x 200 =
x 100 =
Amount to be withdrawn: x 50 =
x 20 =
coins =

Machine Validation

Details on check issuance:

1. The account number 8745-1290-3477 is on your name.

2. You will issue the check to Jeanna Abegail. The amount is P87,934.
3. Affix your signature.

17
 ACCOUNT NUMBER ACCOUNT NAME CHECK NO.
000100

PAY TO THE
ORDER OF ₱
PESOS

ISLAND OF THE
PHILIPPINES BANK
LIMAY BRANCH
232 ELITE BUILDING, DUALE, LIMAY, BATAAN Signature

123456789'123456789"111111111"

Additional Activities

Complete the running balance column on ABM General Merchandise’s bank

statement.

Masikap Bank
Limay, Bataan

ABM General Merchandise Account No. 00987

Duale, Limay, Bataan July 31, 2020

Date Debits Credits Balance

30-Jun ₱ 452,890
1-Jul ₱ 65,000
4-Jul 34,000
9-Jul 500,000 CM
13-Jul ₱ 21,000 DM
15-Jul Chk No. 00100 50,895
18-Jul 30,000
20-Jul Chk No. 00101 45,638
21-Jul Chk No. 00102 13,500
23-Jul 32,000 NSF
26-Jul Chk No. 00103 34,500
30-Jul Chk No. 33100 12,000

18
 19
What is It: Sample only. Student will personalize the details of the slip.
What’s In:
What I Know:
Across
5 CHECK
7 CHECKING
ACCOUNT
8 TIME DEPOSIT
Down
1 SAVINGS ACCOUNT
2 BANK STATEMENT
3 WITHDRAWAL SLIP
4 DEPOSIT SLIP
6 BANK ACCOUNT
Answer Key
 20
What I Can Do:
Activity 1
1. Beginning balance What I Have Learned:
2. Credit memo
3. Debit memo **Student answers may vary.
4. No sufficient funds
Activity 2
1. P167, 600
What’s More: Activity 2
What’s More: Activity 1
 21
Assessment A:
1. Savings account, checking account and time deposit
2. KYC form, ID and the Amount to be deposited
3. Deposit slip, withdrawal slip and check
Assessment B:
Ending Balance: P466,600
Assessment C:
Deposit slip
 22
Assessment C:
Withdrawal slip
Check
 23
Additional Activities:
References
Ballada, Win. 2005. Basic Accounting Made Easy. DomDane Publisher & Made
Easy Books.
Ong, Flocer Lao, and Janelle Gomendoza. 2017. Fundamentals of Accounting,
Business and Management 2 for Senior High School. C & E Publishing, Inc.

24
For inquiries or feedback, please write or call:

Department of Education – Region III,

Schools Division of Bataan - Curriculum Implementation Division
Learning Resources Management and Development Section (LRMDS)

Provincial Capitol Compound, Balanga City, Bataan

Telefax: (047) 237-2102

Email Address: bataan@deped.gov.ph